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Heavy digging ahead US GDP: The 1 per cent drop in second-quarter US GDP makes this the countrys worst recession since World War II. Government stimulus spending helped a bit, but personal savings are still depressed and the federal deficit is huge. The need to correct those imbalances could make for a very slow recovery. The 3.7 per cent peak to trough decline so far beats the 3.2 per cent drop in the 1973-75 recession. However it falls short of the 5 per cent decline of 1937-38, let alone the 25 per cent drop of the Great Depression. There were some admittedly small encouraging signs. Government intervention helped in two ways. Direct increases in federal and state spending roughly halved the decline. And tax rebates added an annualised $113 billion to personal income, increasing the savings rate and presumably boosting consumption somewhat. Business StandardSingapore`s OCBC Bank posts profit rise of 10 per cent - Earth Times Singapore - Singapore's Oversea-Chinese Banking Corp Ltd (OCBC Bank) said Monday that the worst might be over for the global banking sector as it posted a 10-per-cent rise in net profit for the second quarter. Net profit in the period from March to J... NewsRackA Primer on Back-to-School Shopping Though it probably doesn't gladden the hearts of kids, the back-to-school shopping season tends to give the economy an annual boost. This summer, amid tentative signs that the worst of the recessio... Big News NetworkAmerican Pain Society Urges FDA to Modify Restricted Distribution Program In a letter to the Food and Drug Administration, the american Pain Society (APS) petitioned the agency, on behalf of the terminally ill and their families, to modify a restricted distribution program for the newly approved pain medication Onsolis, a short-acting product that delivers fentanyl through the mouth's mucous membranes. OHS OnlinePolice hunt killer of Israel gays Israeli police search for a gunman who killed two people at a gay support centre, in the country's worst suspected such crime. BBCSwine flu alert - have you inoculated your finances?Scotsman |
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How does Feedzilla work?
Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]
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